TATA CHEMICAL : Scrip Breaks down from Corrective channel. As mentioned in our earlier postings , one more down move looks pending. Keeping 620 as "Positional SL", short can be initited on any rise towards channel Bottom. In EST , one can trade short on any rise towards BO channel with SL above 602 Closing. Break below 550 will accelerate fall. Till then , 570 then 550 will act as strong "S" temporarily for some time.